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Succession Planning: The Path Forward and Pitfalls for Family Businesses Image

Succession Planning: The Path Forward and Pitfalls for Family Businesses

Family-owned businesses are the backbone of the American economy. It’s surprising for many to learn that the U.S. 24.2 million family businesses generated 54% of private sector GDP and 62% of employment in 2021. And the backbone may be ossifying – over 10,000 baby boomers per day will be hitting…

Proactively Protecting Your Company’s Growth: The Early-Stage Guide to Using a Corporate Lawyer Image

Proactively Protecting Your Company’s Growth: The Early-Stage Guide to Using a Corporate Lawyer

When you have limited dollars for legal issues, it’s important to know where to spend those funds to maximize your company’s investment in legal resources without waste and inefficiency.​ Experienced corporate counsel will tell early stage companies in most industries to focus on two priorities as soon as possible: capital…

M&A Activity in 2021: Opportunities Ahead for Business Transactions Image

M&A Activity in 2021: Opportunities Ahead for Business Transactions

The tone for M&A activity in 2021 was set by 2020’s theme: acceleration driven by necessity and opportunity. Industries forced to pivot rapidly, coupled with favorable market conditions and access to affordable capital, set the stage for strong M&A activity in 2021. To understand how business owners can position themselves…